AGP Executive Report
Last update: 3 hours agoAML/CTF Clarification: AUSTRAC has told the Finance Brokers Association of Australia (FBAA) that some finance brokers may have been unintentionally pulled into sweeping AML/CTF reforms that started July 1, after FBAA raised concerns certain broking activities could be treated as “debt financing.” Markets & Rates: Australian bank shares helped lift the ASX as stronger jobs data revived expectations of another RBA rate hike, while Macquarie’s leadership change also drew investor attention. Wealth Shift: Goldman Sachs says equities have overtaken real estate as the top driver of U.S. household net financial wealth for the first time since WWII—an important reminder for Australian investors with high stock exposure. Energy & Costs: Brent briefly pushed above $100 a barrel amid Middle East shipping risk, adding pressure to the macro outlook. Health Affordability: New data shows Australians are skipping medical appointments due to cost, with one in five delaying doctor visits and many turning to emergency care. Fintech Growth: i2c appointed a new CFO and Chief Client Officer to accelerate its next phase of global expansion. Scam Risk: A UN report estimates Southeast Asia, Australia and NZ lost up to $114.1b to online scams in 2025, with crypto central to laundering.
Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result. Feedback is welcome. Please let us know if you have any comments or suggestions about the AGP Executive Report.
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